ADNOC Secures LNG Supply Deal with India's BPCL

Monday, February 10, 2025

Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five-year deal, sources with knowledge of the matter said on Monday.

Indian's state refiner will receive 40 cargos of LNG under the five-year contract with supplies beginning from April, the sources said.

In the initial two years, supplies would be less and will be gradually ramped up, one of the sources said.

ADNOC will sign the deal with BPCL during the four-day India Energy Week conference, the sources said.

During the conference ADNOC will also sign sale purchase agreement with Indian Oil CorpI for a 15-year LNG deal agreed in September last year, the sources said. Supplies under ADNOC's deal with IOC will begin from April next year.

"We do not comment on commercial negotiations," ADNOC said in an email response. BPCL and IOC did not respond to emails from Reuters seeking comments.

The world's fourth largest importer of LNG, India aims to raise the share of gas in its energy mix to 15% by 2030 from 6.2% now.

Indian companies are also looking at buying LNG from the United States, oil secretary Pankaj Jain said earlier on Monday.


(Reuters - Reporting by Nidhi Verma; editing by David Evans)

Categories: Offshore LNG Middle East Industry News Activity Asia Oil and Gas

Related Stories

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Jadestone Submits Field Development Plan for Assets Off Vietnam

Valeura Wraps Up Infill Drilling Campaign in Gulf of Thailand

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Pharos Energy Extends Licenses for Two Vietnamese Gas Fields

China’s CNOOC Brings Bohai Sea Oil Field On Stream

INEOS Picks Up CNOOC’s US Assets in $2B Deal

TotalEnergies Wraps Up Acquisition of SapuraOMV’s Gas Assets

Current News

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Petrovietnam, Petronas Extend PSC for Offshore Block

Sapura Energy Scoops Close to $9M for O&M Work off Malaysia

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

Vietnam to Open Bidding Round for Three Offshore Oil Blocks

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Mitsui’s STATS Lands Malaysian Pipeline Isolation Job

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com